Netflix has increased its prices in Canada, from $1-2, effective immediately for new subscribers, reports The Canadian Press.
Here are the price increases below for new members:
This is the first price hike in Canada for the service in nearly two years and soon prices will also increase for current subscribers too, as they will find out in an email in the coming weeks.
Why did prices increase? In a statement, Netflix said the following:
“From time to time, Netflix plans and pricing are adjusted as we add more exclusive TV shows and movies, introduce new product features and improve the overall Netflix experience, to help members find something great to watch even faster,”
This year, Netflix plans to spend a staggering $6 billion to create original content for its viewers, adding 1,000 hours of original content. The company’s streaming content debt currently runs at $15.7 billion, which they set to pay off over several years. Ted Sarandos, Netflix’s chief content officer, said at its recent earnings call last month, 93% of Netflix shows are renewed, versus about 70% of programming on traditional network TV.
Netflix continues to spend heavily to acquire Canadian streaming rights to various TV shows and movies, facing competition from companies here like Bell Media, plus other streaming services like Amazon Video. CBS announced recently it plans to offer a streaming service for customers in Canada during the first half of 2018.
Earlier this week, Disney announced it would be removing all its shows from Netflix in 2019, to launch its own streaming service, with Marvel and Star Wars to possibly have their own standalone streaming services as well, further complicating choices for consumers.
But Canadians, don’t worry, because Netflix Canada confirmed to HuffPost Canada the loss of Disney content on Netflix is for the U.S. only, as international markets like Canada won’t be affected.
Despite the $1 or $2 jump, the service still offers value and many will continue to support Netflix, as it’s disrupting traditional television and Hollywood business models.
What do you think about this latest Netflix price increase?
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I would gladly pay double what they are charging now…. (don’t tell them that though) lol
Want to eTransfer me $10.99 a month? I love Netflix, but a price hike is not welcome from me at the moment..
Your other option is to get cable.
Or option #3.. Don’t pay for either.
…and rent movies individually? I find Netflix is a far better deal than renting or buying movies and TV individually, but I suppose it all depends on what you watch.
Oh come on, everyone…there are *other* options. Stop ignoring the elephant in the room.
You mean K***, The P(eanut) B(utter), and various other chinese sketchy sites?
Your other, other option is to get a Kodi box and watch all you want for only the price of an internet connection.
Happy to hear the Disney deal is only in the US!
Agreed! I’m worried that it’s an interim step for Disney and they’ll start in their domestic market (USA) and will expand to Canada shortly thereafter! CBS All Access is set to expand to Canada next year, now. 🙁
CraveTV was originally going to carry the new upcoming Star Trek series for audiences north of the border, since CBS only operates their All Access in America-land… I wonder if that will hold for long or perhaps just the first season. I worry that we’ve been in a golden age of streaming, but as each network (or movie studio) realizes that they can launch their own and cut out the middleman – such as Netflix – we’ll basically be back in a cable-like scenario again. At least we’ll have legit pick-and-choose options then!!
They need to keep the quality of their own content high. It’s been slipping. Sometimes to the point of horrible (story lines, acting, etc)
As long as they keep Stranger Things, The OA and The Santa Clarita Diet going!
So let’s see if I’ve got this straight. Because of increased competition they’re raising the price? This is not how the free market is supposed to work. Good luck with that boys.
You need to not take statements out of context if you wish to properly understand what was written.
Well if you read the comments here it would appear most users are content with the increase.
To be honest, for what Netflix offers, I’d pay a few dollars more. Netflix really is a value for the price.
Ummm prices increase in Canada but stays the same statesude? The last increase I understood was because of the dollar and “improvements”. Now it seems to be “more improvements”.
Then you got people cutting everying out all togethee and going with the illegal Android TV boxes (while technically not illegal but the uses people have it for is free streaming/pirating tv shows and movies).
yea im done with netflix. Everything is already available online for free. We started at $7 and now we are 14$. With back to back increases in 13 months. Bye Netflix, i wont miss you.
I’m okay with this. It was bound to happen, with the increase of other streaming services, the cost of producing original content and etc… I was actually expecting a price increase earlier this year.
It’s still a good deal with the amount of Netflix is providing. Binge watching a lot of TV shows now, we still got the Disney films (for now), and the original content like Stranger Things, Marvel-Netflix, Black Mirror and the documentaries.
Makes sense. The content in the Canadian Netflix is in many ways better than in the U.S. Netflix is probably paying a bit more for the content streamed in Canada. Wish I could say the same for Amazon Prime which, in Canada, is a bit of a joke. I wonder what will happen when Filmstruck and Walter Presents become available in Canada? When the licensing agreements with Bell expire?